swing trades….a Comment

“How come no swing trades last few weeks? I know the market is volatile right now but was just wondering why you haven’t had a trade in a few weeks.”

Volatile dosnt really explain the market. Up and down 500 points many days is beyond volatile:) It appears to me that we are in the beginning stages of a repeat of 2008 that could be much worse. Instead of the banks imploding you now have most of the western countries! In addition you have for whatever reason Standard and Poor’s on the warpath against the U.S. Instead of a simple downgrade you have their management every other day giving press conferences and statements negative to the U.S. (My guess is in another year or so they won’t be around)

And then you have the politicians clueless. Its about as inept a bunch as I have seen. And not only inept but dogmatic and uncompromising. Its pretty ludicrous to think if Standard and Poor’s told them they needed to cut 4 billion to save their rating and the president and congress couldnt even agree to that to assure their AAA rating something is terribly wrong.

In addition the people I follow are almost without exception saying to hedge now or get out and into cash. Now that doesnt mean that they are right…it just means to me the odds favor being in cash right now.

I am planning on doing some more swing trades but in this environment I have added another filter to account for the extreme volatility.

RickJ

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  • Gary
    Reply

    ” (My guess is in another year or so they won’t be around)”

    Are you referring to Standard & Poor or the U. S. ? 😉

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